In an exciting announcement from the Office of Governor Cuomo, the state has awarded development rights and construction funding for four new housing projects that will collectively create more than 2,700 affordable-supportive residential units. Herkimer Gardens, located at 483 Herkimer Street in Bed-Stuy, Brooklyn, is one of the projects to receive funding and approvals from the Governor’s $1.4 billion “Vital Brooklyn” housing initiative.
Breaking Ground, New York’s largest supportive housing provider, is set to begin construction this week on Betances Residence, a new supportive, affordable housing property at 443 East 142nd Street in Mott Haven, The Bronx. Designed by COOKFOX, Betances Residence is expected to debut in 2021 and will contain 152 units for the formerly homeless and low-income seniors.
The Department of Housing Preservation and Development has filed permits for four residential buildings at 83, 91, 93, and 95 Gateway Drive in East New York‘s Starrett City. Michael Gelfand of MHG Architects is listed as the architect of record for the four-story developments, which will be located adjacent to the Gateway Center shopping mall.
Mega Realty Holding and the Pancyprian Association are working in partnership to develop a new mixed-use property at 22-60 46th Street in the Ditmars-Steinway section of Astoria, Queens. Pending approvals from the city’s Department of Buildings, the development would yield 173,000 square feet of affordable and market-rate rentals, retail, and a small performance venue for the Cyprian and Hellenic communities.
Dunn Development Corp. recently secured $37 million in construction financing for Austin 147, an 80-unit supportive and affordable housing block at 880 East 147th Street in the Mott Haven neighborhood of the South Bronx. CAMBA, a Brooklyn-based nonprofit organization, will provide supportive services to the clients who reside in the building after it’s completed. The new property is expected to debut by summer 2021.